This Week's Baltimore Deal Sheet
Shoppers Food & Pharmacy plans to close its location at Perring Plaza in Parkville this July. The grocery store's parent company said the shopping center's owner forced the decision.
"Unfortunately, the landlord of the shopping center where the store is located is choosing to offer the space to a different tenant," a spokesman for Shoppers' parent company, United Natural Food Inc., said in a statement.
Federal Realty Investment Trust owns the shopping center. According to a property brochure, Shoppers occupies nearly 58K SF, and there are an additional 20K SF vacant at the plaza. A Federal Realty executive didn't respond to a request for comment.
Shoppers filed a notice with the Maryland Department of Labor about the potential to lay off as many as 49 workers due to the closure. However, a spokesperson for United Natural Foods Inc. said Shoppers has offered Parkville employees positions at other stores.
LEASES
Washington, D.C.-based Clyde's Restaurant Group inked a long-term lease for a concept called Rye Street Tavern at the 235-acre mixed-use Baltimore Peninsula development. Clyde’s plans significant improvements to the existing 12K SF, two-story restaurant building. Upgrades include creating a large outdoor dining area with waterfront views of the Patapsco River.
DEVELOPMENT
Greenberg Gibbons formed a joint venture with Klein Enterprises to develop a self-storage facility. The developers are planning to build an Extra Space Storage at Reisterstown Shopping Center next to Big Lots. The developers expect the 99.5K SF facility, financed by WesBanco, to open in the spring of 2024.
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The opening of Hampton Inn and Home2 Suites this summer at Towson Row will mark the completion of the 1.2M SF mixed-use development that broke ground in 2018, the Baltimore Business Journal reports.
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Harborplace is finished as a shopping mall, MCB Real Estate’s David Bramble told a recent panel on the future of the Inner Harbor's iconic pavilions, Baltimore Fishbowl reports. MCB doesn’t have a final development plan for Harborplace, Bramble said, but his company intends to hold a “community engagement process” to shape its vision for the redeveloped property.
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Baltimore's historic preservation panel now says the facade of the landmark Hendler Creamery may be worth saving, the Baltimore Business Journal reports. The Commission on Historical and Architectural Preservation said earlier this year damage to the remains of the building, which date back to 1892, was too significant to save the property.
